Exchange release                                                 

18 March 2026

The Board of BHP announces that Brandon Craig will become Chief Executive Officer (CEO) and a Director of BHP Group Limited on 1 July 2026. Mr Craig will succeed the current CEO, Mike Henry, who will step down after six and a half years in the role.  

BHP Chair, Ross McEwan said: "We are very pleased an executive of Brandon Craig's calibre and extensive experience has been appointed as our new CEO to lead the execution of our strategy. I am confident that his discipline and focus will continue to drive BHP's high-performance culture and advance the company's unrivalled pipeline of growth options to maximise shareholder returns.  

We would like to recognise the outstanding contribution of Mike Henry to BHP as CEO. Under his leadership, BHP has transformed into a safer and more productive company, financially strong and sharply focused on shareholder value and social value."  

CEO appointment  

The appointment of Mr Craig follows a formal CEO succession process.  

Brandon brings more than 25 years of operational and corporate leadership experience at BHP to the role. He is currently BHP's President Americas, leading the company's growth strategy in future facing commodities across Canada, the United States and South America. During his time in the role, BHP became the world's largest copper producer and advanced high quality growth options in copper and potash. Prior to this, Brandon led our Western Australia Iron Ore business, improving operational performance and increasing BHP's lead as the lowest cost, highest margin major iron ore producer in the world.   

Mr Craig said: "It is an honour and privilege to succeed Mike Henry as CEO of BHP. Thanks to his leadership, BHP is well positioned for the future. Mike will be remembered for his strategic decision-making, portfolio transformation, operational excellence and focus on safety and high-performance culture.  

As incoming CEO, I am committed to leading the talented and hard-working people who make BHP a great company and continuing to generate long-term value for all our shareholders. I will work tirelessly with the Board and management to achieve this. I look forward to continuing to take this great company forward." 

CEO Mike Henry  

Outgoing CEO, Mike Henry said: "It has been a privilege to serve as CEO of BHP and to have worked with so many truly talented people. I am proud of what we have achieved together. BHP is a safer and higher performing company and is better positioned for future growth. We are creating sustainable long-term value for our shareholders, our supply chain, partners and our communities. Brandon is an excellent choice as CEO, and I wish him every success in the role."   

During Mr Henry's tenure as CEO, BHP established its track record of sector leading operational performance, with BHP's Western Australia Iron Ore business securing and growing its lead as the world's lowest cost major iron ore producer.  

BHP has become a simpler company, with a more resilient and growth-oriented portfolio through demerging its Petroleum business, high-grading its coal business, simplifying its listing structure and pivoting towards growth in copper and potash, both future facing commodities.   

Under Mr Henry's leadership, BHP has established itself as the world's largest copper producer, with over half of BHP's recent half year earnings sourced from copper and a significant volume of growth to come. This, coupled with BHP's soon to be commissioned potash mine, leaves the company well placed to deliver high-margin growth into the future.  

Mr Henry has led a strong focus on safety and a high-performance culture during his tenure. Under Mr Henry's leadership, BHP has established sector-leading operational excellence through the BHP Operating System. BHP also achieved a gender balanced workforce and a 30% reduction in operational greenhouse gas emissions and stronger partnerships with Indigenous peoples.   

Average Total Shareholder Returns have been ~17% per annum, and BHP returned ~US$80 billion to shareholders during Mr Henry's tenure.  

BHP has a unique combination of large, long-life, low-cost assets in the most attractive commodities, a track record of operational excellence and capital discipline, a leading pipeline of growth in copper and potash, and a distinct approach to building social value. This will generate attractive and reliable returns and growth for shareholders well into the future.

Further information is provided in Appendix 1.

Biography - Brandon Craig

Having joined BHP in 1999, Brandon Craig has built more than 25 years of corporate and operational leadership experience across a diverse portfolio of commodities. Brandon has been BHP's President Americas since March 2024. In this role, he has responsibility for much of BHP's growth strategy including in Canada, the United States and South America. 

Brandon has advanced BHP's high quality growth options, increasing copper guidance for FY2026 and FY2027 and targeting around 2.5 million tonnes of copper equivalent production per year by the mid-2030s. Under Brandon's leadership, Escondida, the world's largest copper mine, has extended its grade and production guidance through productivity improvements and a focus on operational excellence. 

Brandon has overseen the creation of the Vicuña joint venture, a highly prospective project with the potential to be one of the world's top copper and gold mines, as well as oversight of non-operated joint ventures in Brazil, Peru and the United States. BHP's Jansen potash project in Canada is on track to begin operations in mid-2027. This will be a significant new business for BHP which diversifies its portfolio and brings in a commodity with strong long-term fundamentals. 

Prior to this, Brandon led our Western Australia Iron Ore business, improving operational performance and increasing BHP's lead as the lowest cost, highest margin major iron ore producer in the world. This demonstrated Brandon's ability to deliver strong performance across an integrated business of mines, rail and port operations.

Summary of the material terms of Brandon Craig's appointment

Summary of leaving entitlements for Mike Henry

Authorised for release by Stefanie Wilkinson, Group General Counsel and Group Company Secretary.